Viacom Sees Ad Declines Bottoming Out

By

John Jannarone

Updated Jan. 31, 2013 12:42 p.m. ET

Viacom Inc.'s revenue fell 16% in the December quarter due to a continued decline in advertising sales and weak results in filmed entertainment. Net income doubled, though, thanks to a one-time item that had dragged down the year-earlier results.

Domestic and international advertising sales at the company's TV networks each fell 6% from a year earlier, similar to declines in the previous two quarters, which the company attributed...